North America Aerospace And Defense Mro Market Size & Outlook
North America aerospace and defense mro market, 2018-2030 (US$M)
Related Markets
North America aerospace and defense mro market highlights
- The North America aerospace and defense mro market generated a revenue of USD 29,179.4 million in 2021.
- The market is expected to grow at a CAGR of 4% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Line is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 29,179.4 million |
| Market revenue in 2030 | USD 41,454.9 million |
| Growth rate | 4% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, North America region accounted for 27.2% of the global aerospace and defense mro market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 71,044.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 41.82% in 2021. Horizon Databook has segmented the North America aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of North America is highly diverse in terms of global trade, owing to the presence of key developed and advanced economies such as the U.S., Canada, and Mexico. In July 2020, the U.S. revised the North American Free Trade Agreement (NAFTA) and replaced it with an updated and rebalanced agreement for North America.
According to the long-term air traffic forecasts of the International Civil Aviation Organization (ICAO), 2020, total air passenger traffic of North America is expected to grow by 3.1% annually up to 2045, while the air freight traffic in the region is projected to grow at a slower rate than the global air freight traffic (at a rate 2.6% annually) for the same period.
Increasing demand for aircraft operations from the passenger and freight service sectors is expected to fuel the demand for aircraft MRO services from North America over the forecast period.
Reasons to subscribe to North America aerospace and defense mro market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America aerospace and defense mro market databook
-
Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America aerospace and defense mro market , including forecasts for subscribers. This continent databook contains high-level insights into North America aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America aerospace and defense mro market size, by country, 2018-2030 (US$M)
North America Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
